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Royal Builders Acquires Development Site In Borough Park For $6.2M

Property Image
SOLD
$6,200,000

New York

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Development Site50,678 SF
Sold 09/17/2021
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Property Image
SOLD

Royal Builders Acquires Development Site In Borough Park For $6.2M

5414 Fort Hamilton Parkway, Borough Park, Brooklyn, NY, USA

See Similar Deals
Development Site50,678 SF
Sold 09/17/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$122
Total Square Footage:50,678 SF
Transaction Type:Sale

5402 & 5414 Ft. Hamilton Parkway, located in Borough Park, was sold in a closed property transaction. The development site has a total lot size of 2,140 square feet and features a zoning classification of R6, C1-3. A full demolition permit was issued on February 25, 2014. The lot dimensions measure 20.33 feet by 105.25 feet.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $6,200,000
  • Buyer: Royal Builders
  • Seller: Mitchell Hirth
  • Building Square Footage: 50,678
  • Price per Square Foot: $122
  • Far: 2.43 (Residential)
  • Tax Class: 4

The buyer in this transaction was Royal Builders, represented by their broker Mitchell Hirth. The sale price for the property was $6,200,000, with a building square footage of 50,678 and a price per square foot of $122. The development site is classified as Far: 2.43 (Residential) and Tax Class: 4.

Players

MH
Mitchell Hirth
2 deals$17.2M volume
SELLER

Details

SOLD
IMAGE: 09/17/2021 ADDRESS: 5402 & 5414 Ft. Hamilton Parkway MARKET: Borough Park ASSET TYPE: Development Site ~ ZONING: R6, C1-3 BUYER: Royal Builders SELLER: Mitchell Hirth SALE PRICE: $6,200,000 BSF: 50,678 ~ PPBSF: $122 FAR: 2.43 (Residential) TAX CLASS: 4 LOT SIZE: 2,140 PERMITS: Full Demolition (02/25/2014) LOT DIMENSION: 20.33 ft x 105.25 ft

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